On 7/26/11 5:55 PM, Canuck57 wrote:


Take a retired worker, say $5M in the IRA/Cash accounts. 5% interest or
dividends would be a $250K taxable income. At todays rates the same
person pays no taxes because the earned taxable income is under their
basic deductions. Even business are under no pressure to earn as much
with zero rates for money, so 9% earnigns migh be 4% for even less taxes.

A retired worker with *$5 million* in IRA/Cash Accounts?

What are you smoking?